Experienced closed-end bond fund investors know that Pimco closed-end funds are quite popular. In fact, some invest their entire bond holdings exclusively in Pimco funds.
But except for brief periods like the market panic we had a few weeks ago, Pimco funds usually trade at significant premiums over net asset value. Now that high premiums have returned for the most popular Pimco funds, investors may want to consider diversifying a portion of their Pimco holdings into similar bond funds from other sponsors.
In this report, I've selected three multi-sector bond closed-end funds from the following